SCHEDULE: Corsair Capital Discloses 4.9% Stake in Cineverse Corp.
Beneficial Ownership Report (Schedule 13G Amendment)
Corsair Capital Partners and its affiliates reported a collective beneficial ownership of 4.9% of Cineverse Corp.'s Class A Common Stock as of September 30, 2025.
Summary
- Corsair Capital Partners, L.P., along with its affiliates Corsair Capital Partners 100, L.P., Corsair Capital Investors, Ltd, Corsair Capital Management, L.P., and controlling persons Jay R. Petschek and Steven Major, collectively reported beneficial ownership of 939,436 shares of Cineverse Corp.'s Class A Common Stock.
- This collective ownership represents 4.9% of the outstanding Class A Common Stock.
- The beneficial ownership includes 83,333 shares underlying currently exercisable warrants.
- The percentage is calculated based on 19,124,406 outstanding shares as of September 24, 2025, plus the number of shares of Common Stock underlying currently exercisable warrants held by the reporting persons.
- Corsair Capital Management, L.P. acts as the investment manager for Corsair Capital, Corsair 100, and Corsair Investors.
- Messrs. Petschek and Major are the controlling persons of Corsair Capital Management, L.P.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that inherently suggests positive or negative sentiment regarding the company's performance or prospects. It is a neutral, compliance-driven report.
Future Outlook
NA
Management Comments
- The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake held by an investment group, which can inform market perception of institutional interest in Cineverse Corp.
Key Dates
| Date | Description |
|---|---|
| 2024-10-11 | Date of previous Schedule 13G filing by the Reporting Persons. |
| 2025-09-24 | Date as of which 19,124,406 outstanding shares of Common Stock were reported on the Issuer's Form Schedule 14A. |
| 2025-09-30 | Date of event which required the filing of this statement. |
| 2025-10-10 | Date of Issuer's Form Schedule 14A filing. |
| 2025-11-11 | Date of this Schedule 13G Amendment No. 2 filing. |
Keywords
Cineverse Corp., Corsair Capital Partners, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Management, SEC Filing
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